How much yearly perpetuity can a man receive after 31 years if he starts to save 90,000 today and increase it by 10,000 yearly for the next 10 years, then increase it by 5% yearly for the next 10 years and maintained his annual savings for the last 10 years if  i = 12%

Q: find X so that the net present worth of the investment is zero

A: answer is given in step2

Q: How much yearly perpetuity can a man receive after 31 years if he starts to save 90,000 today and…

A: For 10 years total saving: An= 90000+(10-1) 10000 An= 90000+ 90000= 180000 For 11th year: He…

Q: 8.) Jess wants to have one million dollars when she retires in 35 years. How much should she invest…

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Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

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Q: You can invest your money at a rate of 6.5% compounded continuously. How much money will you have…

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A: Given:

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A: Given: Interest rate r=2.248% =2.248100=0.02248           let initial amount be P Given the initial…

Q: You deposit $6000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: You want to invest $2500 in an account to save for college. Account 1 pays 6% annual interest…

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Q: 8000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded…

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Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: How do I solve these?

A: a) It is given that, a deposit of $525 in an account that earns an annual rate of 4%.The time it…

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Q: You deposit $5000 in an account earning 6% interest compounded continuously. How much will you have…

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Q: want to have $500,000 when you retire in 8 years. If you can earn 5% interest compound continuously,…

A: We will find the initial deposit.

Q: You deposit $6000 in an account earning 7% interest compounded continuously. How much will you have…

A: We have to find the compound intrest for the money deposited in Bank

Q: You deposit $4000 in an account earning 8% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: How much yearly perpetuity can a man receive after 25 years if he starts to save 100,000 today and…

A: The given problem can be solved by multiple methods. As nothing is mentioned, we will take the help…

Q: A sum of $1000 is invested at an interest rate of 12% per year. Find the amounts in the account…

A: P=1000,  r=12%=0.12  &  t=3. Compounded annually: A=P1+rnn·t=10001+0.1211·3=10001.123=$1404.928…

Q: A sum of money invested at compound interest doubles itself in 3 years. In how many years will it…

A: B) 9 years